Perkins Engines to Continue Dominating Saudi Arabia Diesel Gensets Market through 2023
According to TechSci
Research report, “Saudi Arabia Diesel Gensets Market
By Rating, By End Use, By Sales Channel, Competition Forecast &
Opportunities, 2013-2023’’, Saudi
Arabia diesel gensets market is projected to cross $ 500 million by 2023 on
account of increasing number of infrastructure projects, establishment of new manufacturing units and government’s Saudi Arabia Vision
2030 to transform the country into a diversified economy by promoting and
investing into non-oil based sectors in the coming years. Moreover, rising demand for diesel
gensets from the industrial sector is likely to further steer Saudi
Arabia diesel gensets market. Additionally, increase in the number of data
centers along with growing electricity demand is propelling demand for diesel
gensets across the country.
Browse 52
market data Figures and Tables spread through 96
Pages and an in-depth TOC on “Saudi Arabia Diesel Gensets
Market"
https://www.techsciresearch.com/report/saudi-arabia-diesel-gensets-market/3229.html
Industrial
sector had the largest application share in Saudi Arabia diesel gensets market in
2017, and the segment is likely to maintain its dominance throughout the
forecast period as well owing to increasing oil and gas projects and booming construction
and real estate sectors in Saudi Arabia. On the basis of rating, medium
voltage diesel gensets accounted for the major revenue share in the market
in 2017 due to growing demand for these gensets from refineries, IT/ITES and retail
sector. As per the regional analysis of Saudi Arabia diesel gensets market, Riyadh
garnered the largest value share in 2017 and the region is expected to dominate
during the forecast period as well on account of presence of large number of
industries and commercial facilities in the region where diesel gensets are
used as primary as well as backup power sources.
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Growing demand for
medium voltage diesel gensets over the last five years has led Perkins Engines
Company Limited to account for
the largest share in Saudi Arabia diesel gensets market, followed by Cummins
Inc., Jubaili Bros, etc. “’Saudi
Arabia Vision 2030’ is aimed at boosting the share of non-oil based sectors from
16% in 2016 to 50% by 2030, which would positively influence Saudi Arabia
diesel gensets market over medium to long term. Furthermore, technological developments
for the use of diesel gensets in the electricity deficit regions in Saudi
Arabia is likely to benefit the market during the forecast period. These market developments are anticipated to steer
growth in Saudi Arabia diesel gensets market through 2023.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Saudi Arabia Diesel
Gensets Market By Rating, By End Use, By Sales Channel, Competition
Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of Saudi Arabia diesel
gensets market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Saudi Arabia diesel gensets market.
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